Carmignac Gestion builds UK team
French asset manager Carmignac Gestion has hired Mark Dunn as UK sales director in a move reaffirming its commitment to the UK market.
Dunn’s appointment follows that of Matthew Wright, hired in October as head of country UK to develop relations with financial distributors and wealth managers.
Dunn’s principal task will be to develop relations with independent distributors, platforms and fund networks, under Wright’s responsibility.
Before joining Carmignac, Dunn was head of strategic business development at LV Asset Management.
Carmignac said the UK office would open in November, but the exact date has not been confirmed.
Carmignac Gestion, established in 1989 by founder Edouard Carmignac, has nearly €50bn in assets under management and runs 19 funds.
Bank Sarasin hires from Credit Suisse for north Germany
Bank Sarasin is to open offices in Hamburg and Hannover, and has announced Andreas Brandt will join from Credit Suisse Deutschland to head up both the northern German outlets from Hamburg.
Brandt has worked at Credit Suisse Deutschland since 1998, initially heading the Hamburg representative office, before becoming deputy head of private banking and a member of the management board. He became chairman of the management board in 2006.
He has also worked in Hamburg for Hypobank as group manager for investment.
Bank Sarasin’s office there is expected to open in January, with Hannover following in Spring. Brandt will join before both these developments, in November. He will expand the bank’s private equity operations and report to Frank Niehage, Bank Sarasin AG’s chief executive.
Staff shakeup at France’s AMF
The Autorité des Marchés Financiers (AMF), the French financial regulatory body, has promoted two senior staff members to head international affairs and enforcement.
Françoise Buisson has been appointed director of the European and international affairs division. She replaces Xavier Tessier who has taken on a new undisclosed role at the regulator.
Buisson was formerly director of the French Association of Financial Markets/AMAFI with responsibility for international affairs, before being recruited by the Commission des Opérations de Bourse (COB), the AMF’s predecessor, in 2001 to take part in the MiFID negotiations. She was appointed deputy head of International Affairs at the AMF in November 2002.
Marc-Pierre Janicot has been appointed director of the AMF’s board and enforcement committee secretariat division from November 14 2011. He will replace Brigitte Letellier who has left the regulator.
Janicot joined the AMF from the Commission des opérations de Bourse (the French stock exchange commission) where had had been legal advisor to the service providers and investment products department. In 2004, he joined the department responsible for the AMF’s board and enforcement committee and was appointed deputy head of the department on 1 January 2006.